New Delhi, April 17 (IANS) India’s construction market, currently valued at $685 billion in 2025, is projected to touch $1.2 trillion by 2034 at a CAGR of 6.9 per cent driven by sustained infrastructure investments and urban development, a report said on Friday.The report from Savills India and Hotelivate said that demand for offices remains robust, driven by GCC expansion and occupier preference for Grade-A, sustainable workspaces. Construction costs rose by 6.4 per cent–7.6 per cent, large…
Latest Real Estate Sector News & Updates
New Delhi, April 14 (IANS) The Central Bureau of Investigation (CBI) registered 22 new cases based on the Supreme Court directions against various builders over their alleged nexus with officials of financial institutions and defrauding of homebuyers, an official said on Tuesday. The CBI conducted extensive searches at 77 locations spread across eight states/Union Territories in connection with these 22 cases, an official statement said.The searches were targeted at an alleged nexus between cert…
New Delhi, April 1 (IANS) The Indian real estate sector recorded the highest first-quarter inflow of institutional investments since 2022, valued at $1.4 billion in January-March 2026, a report showed on Wednesday.Despite registering a quarterly decline of 62 per cent due to an exceptionally high base in the preceding quarter, investments surged by 74 per cent over the same period a year earlier, according to a report by Vestian. This highlights strong investor confidence in India’s real estat…
Mumbai, March 31 (IANS) In a significant move to bolster the state’s real estate sector, the Maharashtra government has decided not to increase the Ready Reckoner rates for the 2026-27 financial year. The Office of the Inspector General of Registration and Controller of Stamps on Tuesday announced that the rates effective from April 1, 2026, will remain at the status quo compared to the previous year (2025-26). This decision was finalised by Revenue Minister Chandrashekhar Bawankule following …
New Delhi, Jan 27 (IANS) Tax evasion in the real estate sector is bleeding Pakistan’s national exchequer roughly Rs 500 billion annually, illicit tobacco is costing another Rs 310 billion, and multiple consumer goods industries are operating outside the documented economy, leading to an annual revenue loss for the government of a staggering Rs 1 trillion, an article in the Pakistani media said.An article in the Karachi-based Business Recorder highlights that tax evasion and smuggling on this m…
New Delhi, Jan 25 (IANS) Nearly two-thirds of India’s high net-worth individuals (HNIs) and ultra high net-worth individuals (UHNIs) remain confident about the country’s economic future, even as global uncertainties continue to weigh on markets, a report said on Sunday. According to the Luxury Residential Outlook Survey 2026 by India Sotheby’s International Realty (ISIR), around 67 per cent of wealthy investors are bullish on India’s growth story over the next 12 to 24 months.The survey …
New Delhi, Dec 29 (IANS) The proposed amendments to the Insolvency and Bankruptcy Code (IBC) such as introduction of group insolvency, cross-border insolvency and creditor-initiated insolvency are encouraging as they could boost recovery rates which been persistently low due to the lengthy resolution process, according to a report released on Monday.The strengthening of NCLT and NCLAT manpower along with other legal reforms are expected to reduce the burden on the judiciary, according to the ICR…
Ahmedabad, Dec 26 (IANS) The Gujarat Real Estate Regulatory Authority (RERA), on Friday, implemented a comprehensive new Standard Operating Procedure (SOP) to ensure faster, more transparent and streamlined redressal of complaints filed by property buyers and other stakeholders. The SOP adopts a digital-first approach, strengthening the existing online system while clearly defining procedural timelines and responsibilities.The primary objective of the new SOP is to provide homebuyers with quicke…